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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

National insurance tax cut: what it means for you

Wage slips
The rise in NICs was billed as a health and social care levy. Photograph: Chris Batson/Alamy

Budgets are like buses these days. You wait ages for one to come along then two arrive at once, making it harder to keep track of your tax affairs.

However, one of the few decisions taken by Kwasi Kwarteng that still stands is his reversal of April’s national insurance rise. The tax cut kicked in on Sunday and it means nearly 30 million people will keep more of their pay next year.

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